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Selling your café in Brisbane: tips for a successful business sale
Selling a café in Brisbane requires more than simply listing the business on the market. Owners should prepare financial records, organise legal documents, maintain strong business performance and present the café professionally to potential buyers. With the right preparation and professional advice, café owners can improve their chances of achieving a smooth sale and securing...
The do’s and don’ts of commercial lease agreements
Commercial leases contain important terms that define the rights and responsibilities of both landlords and tenants. Understanding clauses such as subletting, rent review and break clauses can help businesses avoid disputes and manage lease obligations more effectively. When negotiating a commercial lease, it is important to understand the essential terms that should appear in the...
Top 5 Ways to Mitigate Legal Risk for Your Company
Running any kind of business, large or small, comes with risk and it’s important you know the right strategies to keep that risk level to a minimum. Here are our top five ways to mitigate legal risks for your business: 1. Contract management – firstly, you should only sign contracts you genuinely understand. Also,...
Does the Executor of an Estate Represent the Beneficiaries of the...
No. The executor represents the estate. What is the difference? The difference is that the estate is a form of trust. A trust has a legal identity in its own right. The executor represents that trust, or legal entity, as a whole. Some estates have only one beneficiary, other estates have more than one beneficiary,...
Sun Sets on Sunset Clauses
The Queensland State Government has brought in changes to strengthen protection for buyers involved in “off-the-plan” property contracts. Off-the-plan land contracts often include a clause that allows for the contract to be terminated if a certain event does not happen by the “sunset date”, known generally in the industry as a sunset clause. Previously, a...
Collaboration: the key to managing complex legal matters
How we manage complex legal matters At Galleon Law Group, we offer a curated selection of legal services that are intended to protect your interests across multiple areas of the law. Our highly regarded team of skilled and accredited professionals works to ensure every aspect of your legal needs are met with the utmost attention...
Introduction to SMSF borrowing funds and loans
Self-Managed Superannuation Funds (SMSFs) are a cornerstone of Australian superannuation, empowering individuals with the autonomy to manage their retirement savings directly. A critical evolution in this domain was the amendment to the Superannuation Industry (Supervision) Act 1993 (SIS Act) in 2007, which facilitated SMSFs to engage in Limited Recourse Borrowing (LRB) arrangements. This innovative financial...
Preventing Family Provision Claims
A family provision claim is a legal action brought by someone looking for a share of a person’s deceased estate, when they believe they have not been adequately provided for. Can a Will be contested? There is no way to stop someone from contesting a Will or making a family provision claim in Queensland. Anyone...
Exciting News from GLG Legal Brisbane: We are Moving to a New Office
Galleon Law Group announces office move for two of its brands to one location We are thrilled to announce that GLG Legal Brisbane and Michael Lynch Family Lawyers, both firms of Galleon Law Group, are moving into the same location at the end of August 2024. This strategic move allows us to provide even better service while...
Trust and constitutions – Making a change
When trust deeds or constitutions need changing Sometimes trust deeds or company constitutions need to be changed. To ensure this is done correctly, you will need the help of an experienced lawyer. Changing a trust Changing a trust can be complex, and if it’s not done right, you could end up with tax problems. To...
Welcome Mark Jenvey
Property Lawyer Joins GLG Legal GLG Legal is excited to announce that Mark Jenvey, a property lawyer with over 20 years of experience has joined the firm as Special Counsel in Brisbane. Mark brings a wealth of expertise and capability in commercial, industrial and retail leasing, real estate transactions (acquisitions and disposals) and other commercial...
What is a “going concern”?
What does “selling a business as a going concern” mean? When you’re selling a business as a going concern, it means you are selling everything that’s necessary for the continued operation of that business. It also means that you will continue running the business until the day of the settlement. What property can be included?...